Amendment And Dismissal Sought After Jurisdictional Discovery In Fraud Suit

Mealey's (February 14, 2023, 3:34 PM EST) -- WILMINGTON, Del. — Following a Delaware Chancery Court directive for a status update in a case concerning an alleged scheme to transfer funds from a reinsurance trust to affiliated entities and “highly volatile hedge funds,” the plaintiffs moved for leave to file a fourth amended complaint, and certain defendants moved to dismiss for failure to prosecute....